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What Is a Fixed & Variable Rate (FAVR) Reimbursement Plan?

by mBurse Team Member, on Sep 27, 2021 7:00:00 AM

The fixed and variable rate (FAVR) reimbursement provides a tax-free, defensible, and cost-effective tool to offset employee vehicle expenses. Leveraging data to reimburse auto expenses, FAVR is...

Tags: FAVR

FAVR Car Allowance vs Cents-Per-Mile

by mBurse Team Member, on Sep 20, 2021 7:00:00 AM

From time to time, we like to feature a question we have received. This time, the question is about whether a fixed and variable rate reimbursement (aka FAVR car allowance) is superior to a...

3 Reasons NOT to Use the IRS Mileage Rate for Reimbursements

by mBurse Team Member, on Sep 13, 2021 7:00:00 AM

The IRS mileage rate was designed to be a tax deduction tool for individual taxpayers, but it has become the standard rate for business vehicle reimbursements. The results are costlier than you...

Three Questions to Ask about Your Company Car Allowance

by mBurse Team Member, on Sep 6, 2021 7:08:00 AM

Company car allowances policies are often some of the most overlooked policies in the organization. But these policies are more important than many people realize.

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